Starbucks Co. (NASDAQ:SBUX) Stock Position Decreased by Heritage Wealth Advisors

Heritage Wealth Advisors decreased its position in Starbucks Co. (NASDAQ:SBUX) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,935 shares of the coffee company’s stock after selling 556 shares during the quarter. Heritage Wealth Advisors’ holdings in Starbucks were worth $633,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Quest Partners LLC bought a new stake in Starbucks in the third quarter worth $115,000. Private Trust Co. NA boosted its stake in shares of Starbucks by 10.1% during the 3rd quarter. Private Trust Co. NA now owns 12,607 shares of the coffee company’s stock worth $1,229,000 after acquiring an additional 1,158 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Starbucks by 19.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,181,179 shares of the coffee company’s stock valued at $212,643,000 after acquiring an additional 357,046 shares during the last quarter. FMR LLC raised its stake in shares of Starbucks by 55.0% in the 3rd quarter. FMR LLC now owns 19,779,859 shares of the coffee company’s stock valued at $1,928,339,000 after acquiring an additional 7,015,375 shares in the last quarter. Finally, Brooklyn Investment Group lifted its holdings in Starbucks by 7.5% in the 3rd quarter. Brooklyn Investment Group now owns 5,349 shares of the coffee company’s stock worth $521,000 after purchasing an additional 373 shares during the last quarter. Institutional investors and hedge funds own 72.29% of the company’s stock.

Starbucks Stock Performance

Shares of NASDAQ:SBUX opened at $95.88 on Wednesday. The company has a market capitalization of $108.91 billion, a PE ratio of 30.93, a P/E/G ratio of 3.59 and a beta of 0.99. The company’s fifty day moving average is $105.51 and its 200-day moving average is $99.48. Starbucks Co. has a 52 week low of $71.55 and a 52 week high of $117.46.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, January 28th. The coffee company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. Starbucks had a net margin of 9.73% and a negative return on equity of 44.97%. During the same quarter in the previous year, the business earned $0.90 EPS. On average, analysts forecast that Starbucks Co. will post 2.99 EPS for the current year.

Wall Street Analyst Weigh In

SBUX has been the topic of several analyst reports. Wedbush increased their price target on Starbucks from $95.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Argus upgraded shares of Starbucks from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a report on Tuesday, March 18th. Royal Bank of Canada reissued an “outperform” rating and set a $115.00 target price on shares of Starbucks in a research report on Friday, January 24th. Stifel Nicolaus raised their price target on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, BMO Capital Markets boosted their price objective on Starbucks from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $106.12.

About Starbucks

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.